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Our businesses > Tata companies > Trent > Media releases |
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February 01, 2005
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Tayo Rolls
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(Rs.
in Lakhs)
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Sl.
No.
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Particulars
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Quarter
ended
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Nine
months ended
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Previous
Year ended
31.03.2004
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31.12.2004
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31.12.2003
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31.12.2004
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31.12.2003
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(Audited)
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(1)
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(2)
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(3)
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(4)
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(5)
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(6)
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(7)
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1
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Sales/Income
from Operations
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3279
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2350
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8933
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6785
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9736
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Deduct
: Excise Duty
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430
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253
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1123
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748
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1078
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2
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Net
Sales/Income from Operations
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2849
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2097
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7810
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6037
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8658
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3
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Export
Benefits(DEPB Licence)
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14
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64
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109
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210
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275
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4
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Other
Income
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116
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66
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357
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138
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419
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5
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Total
Income
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2979
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2227
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8276
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6385
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9352
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6
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Total
Expenditure
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2555
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1932
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7283
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5588
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8187
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a)
Increase/decrease in stock in trade
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(-)406
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(-)288
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(-)490
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(-)490
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(-)316
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b)
Consumption of raw materials
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1250
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572
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3139
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1734
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2385
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c)
Purchase of semi-finished products
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451
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440
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1092
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677
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1140
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d)
Consumption of Stores
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162
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177
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513
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556
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768
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e)
Staff Cost
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503
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477
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1519
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1421
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1973
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f)
Power & Fuel
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364
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317
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1036
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1031
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1331
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g)
Excise Duty(Net of recovery)
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9
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21
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22
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42
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12
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h)
Other Expenses
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222
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216
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666
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617
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894
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7
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Profit
Before Interest, Depreciation & Tax
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424
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295
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993
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797
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1165
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8
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Interest
(net of capitalisation)
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22
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25
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61
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68
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81
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9
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Profit
after Interest but before Depreciation &
Tax
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402
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270
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932
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729
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1084
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10
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Depreciation
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94
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105
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283
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317
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424
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11
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Profit
Before Tax & Extra Ordinary /Exceptional
Items
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308
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165
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649
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412
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660
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12
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Extra
Ordinary /Exceptional Items -
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a)
Income from Sale of Investment
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69
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105
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148
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105
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109
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b)
Ammortised Employee Separation Compensation
(Medical) & Retiral Benefit to Ex-directors
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(-)31
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(-)40
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(-)64
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(-)220
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(-)173
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13
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Profit
Before Tax
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346
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230
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733
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297
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596
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14
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Provision
for Taxation
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-
Current Tax
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97
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111
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213
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153
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226
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-
Deferred Tax
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4
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(-)63
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-
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(-)84
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(-)53
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15
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Net
Profit
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245
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182
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520
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228
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423
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16
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Paid-up
Equity Share Capital
(Face
Value of Rs.10/- per share)
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547
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547
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547
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547
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547
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17
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Reserves
excluding Revaluation Reserve
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2683
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18
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Basic
and diluted earning per share(Rs.)
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4.48
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3.32
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9.50
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4.16
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7.72
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19
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Aggregate
of Non-promoters Shareholding
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a)
Number of Shares
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2,696,868
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2,696,818
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2,696,868
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2,696,818
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2,696,868
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b)
Percentage of Shareholding
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49.28
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49.28
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49.28
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49.28
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49.28
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Notes:
- Figures
of corresponding period regrouped where necessary
- The
Company primarily operates in one segment i.e.
Rolls and there is no other reportable segment
as per AS-17.
- At
the Extra-Ordinary General Meeting held on 18th
August,2003,the shareholders of the Company
approved subject to confirmation of the Hon'ble
High Court of Jharkhand at Ranchi, a scheme
of Financial Restructuring for utilisation of
the balance of Rs. 297.34 lakhs in the Securities
Premium Account as at 31st March,2003, for adjustment
of the balance in Miscellaneous Expenditure
(to the extent not written off or adjusted)
in respect of Employees Separation Compensation
as at 31st March,2003. The Hon'ble High Court,vide
its Order dated 23rd April,2004(the Certified
copy of which was issued on 19th May,2004) has
confirmed the aforesaid financial restructuring.
The said order has been filed with the Registrar
of Companies,Bihar & Jharkhand on 3rd June,2004.
As the Financial Statements for the year ended
31st March,2004 were approved by Board of Directors
at their meeting held on 8th May, 2004, the
the Quarter ended 30th June, 2004. Accordingly,an
amount of Rs 326 lakhs representing unamortised
Employee Separation Compensation as at 31st
March,2004 (out of the balance as at 31st March,2003)
has been adjusted against Securities Premium
Account Rs 209 lakhs (net of Deferred Tax adjustment
Rs 117 lakhs).
- The
1st phase of Company's Modernisation-cum-Expansion
Programme for increasing the Roll making capacity
from 12500 t. to 14000 t.is under implementation.
The erection and installation of Mini-Blast
Furnace (MBF) has been completed and the trial
run production is in process.
- Total
number of investor complaints pending at the
beginning of the quarter:
NIL; Received :21, Disposed of : 21 during the
quarter and pending at the end of the quarter
: NIL
- The
above results were reviewed by the Audit Committee
and approved by the Board of Directors of the
Company at their meeting held on 31.01.2005
,and will be subject to Limited Review by the
Statutory Auditors.
Place:
Jamshedpur
Dated: January 31, 2005 |
For
Tayo Rolls Ltd.
P. C. Srivastava
Managing Director
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